605 Wiggins Road
About This Property
Hampton's inspired estate located on .82 acres in the hottest neighborhood in East Delray Beach, this 4 bedroom, 4 bath home has character in spades! As you walk into this traditional, two story home, you are greeted by a large spacious living room with high ceilings, crown molding, a fireplace and an extended atrium with floor to ceiling views of the pool and the massive gardens that offer both serenity and seclusion. The heart of the home serves up a kitchen that features maple wood cabinets, a cook's island, stainless steel appliances, and granite countertops. Upgrades throughout are plentiful to this architectural gem, including marble, hard wood, and ceramic floors, 2 working fireplaces, grand scale multipurpose room, dedicated designer office area and isolated maid quarters with a quiet entry off of the 2.5 car garage. The lush, private tropical gardens that surround the grounds are any gardener's dream. Privacy abounds on this expansive property, without sacrificing the energy of the Avenue only .5 miles, or the beach less than 1 mile away. This home is one of a kind and a must see for Lake Ida!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
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About Delray Beach
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017